With the success of the share economy, as seen through websites such as Airbnb and CouchSurfing, Tim, along with his brother Jason and their business partner Sir Peter Ogden, quickly identified a hole in the market.

'Jason and Peter were in Palma last May for a regatta and they knew there was nowhere to stay,' explained Tim.

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'All hotels had been booked up and people were eager to find accommodation.

'Peter turned and began asking people, 'What can you do with all the empty boats in the marina?''

The answer soon became clear: rent out beds. And thus, Beds on Board was born.

The website connects boat owners with accommodation seekers at marinas around the world

Much like Airbnb, boat owners will be able to list their vessel and rent out a bunk, cabin or the entire thing

'We know there's a demand,' Tim explains. 'People love boats.'

But what they are really selling is vacancy, something that's long been a problem in UK marinas.

'Marinas are relaxing, lovely places to stay, but according to the British Marine Federation, at any given time, 90 per cent of boats in the UK are vacant.'

Though guests may have run ofthe ship while on board, they are not able to take it out during their stay

So far, despite launching just two weeks ago, there are already 54 boats listed and over 100 in the database

Despite launching just two weeks ago, there are already 54 boats listed and over 100 in the database.

Currently, the majority of the vessels can be found in the UK and Mallorca, Spain, as that's where the team has concentrated the bulk of their energy thus far.

In the future, they hope to grow the Mediterranean market more fully, as well as continue to expand in India and the Caribbean.

Currently, the majority of boats to rent are located on the south coast of the UK and in Mallorca, Spain

And it's not as pricey to stay aboard these luxury vessels as one might imagine.

In fact, a night's stay on board the Fairline Targa 30, which boasts two separate cabins and three beds, in the Hythe Marina in Southampton, runs just £100 per night.

Currently, the most expensive pick among the UK-docked options is Big Bird: a six-person sleeper located at Poole Harbour on the south coast for £475 a night.

However, stays are quite reasonably priced, with some as low as £100 per night for a family of four

The entire process is quite simple, Tim assures, explaining that once accommodation seekers sign up on the website, they will be able to make bookings after identifying their required date, number of people and a verified payment option.

Then, the boat owner will have a 48 hour window within which to accept or reject the booking.

Owners can list either a bunk, cabin or entire boat for rent, but it's important to note that guests will not be able to take the vessels out for a spin during their stays.

'Ultimately, we hope that this alternative tourism will help to grow the boating economy and expand the community,' Tim says.